Friday, 25 May 2018

HDFC ERGO General Insurance Company

HDFC Bank in India needs no introduction. While HDFC is a housing finance institution in India, ERGO is a Munich based company with its full name ERGO International AG. The share of the ERGO in HDFC ERGO General Insurance Company is 26%. 

While HDFC mainly deals in three sectors: banking, asset management, and general & life insurance, ERGO international AG is a reinsurer and a risk carrier of the Munich Re group. To bring to your notice, ERGO has its presence in more than 30 countries.

In India, HDFC ERGO has 109 branch offices and in the private sector insurance provider, HDFC ERGO General Insurance Company is the third largest general insurance company. The products and services offered by this company can be broadly categorized in three groups: Retail products (Travel Insurance, Motor Insurance, Personal Accident and Health Insurance), Rural Products (Cattle Insurance, Crop Insurance, Weather Insurance, Parivar Suraksha Bima and Gramin Suraksha Bima) and Commercial Products (Engineering Insurance, Liability Insurance and Property Insurance).  

The claim settlement ratio of this amazing company is 51%, which is not bad actually. In the year 2015-2016, the company paid out 1244.2 claims. Let us know the key features of this company, which may help you to take a decision. 

1.  The products offered by it in the General Insurance sector are complete and comprehensive.

2. For policy issuance, claim services and customer service the company has an ISO 9001-2008 certification. 

3. Its general insurance offers are sufficient to cover individuals, vehicles, and workspaces. 

4. The policies of this superb organization are not limited to the urban sector of the society. It caters to the rainfall, cattle, and agriculture-related requirement of the rural segment as well. 

5. It has special customized niche products for the commercial sector. In the commercial Insurance sector, the company provides the very wide range of products. 

6. In the area of personal accidents cover, HDFC ERGO General Insurance is the biggest player. 

7. All of its policies can be instantly renewed online. 

8. All of its services are digitalized. One can even get HDFC ERGO general insurance claim form online. 

9. HDFC ERGO health card comes packed with a special feature provided by the independent service providers. You can see the features on the display of the health card. 

10. It is located in about 91 cities with more than 108 branches. 

Do you want to know about the different types of products offered by HDFC ERGO General Insurance Company? Let us brief you about some of the amazing products:

1. HDFC ERGO Health Insurance: 

There are many health insurance policies provided by the HDFC ERGO General Insurance Company which can be broadly categorized into two groups: 

(A) Indemnity Health Insurance Policy: This policy gives the policy buyer the right to get the actual amount of financial losses in the form of compensation. The amount to claim depends on the maximum sum insured by the policybholder.

(B) Lump Sum Payment Health Insurance Plan: In such plans, the payment is given at the time of accident or illness or other such event.

There are many different types of customized health plans to meet the different needs of the customers. The seven variants of the health insurance policies are:

- HDFC ERGO Health Suraksha Policy: This policy provides expenses for the in-patient treatment and pre-hospitalization and 144 day-care procedures. 

- HDFC ERGO Health Suraksha Gold Policy: This gives post-hospitalization expenses also and covers for the hospital room rents, doctor fees etc. 

- HDFC ERGO Health Suraksha Regain Policy: With all the benefits defined above, this policy gives a regain benefit, which means that the sum insured will be automatic available after it gets exhausted. 

- HDFC ERGO Health Suraksha Gold Regain Policy: With all the other benefits, this policy gives the regain benefits even in the policy years. 

- HDFC ERGO Health Suraksha Top Up Policy: It gives bigger coverage at a lower cost. 

- HDFC ERGO Critical Illness Policy: This is a unique policy for those who suffer critical illness. It provides a lump sum amount for all the treatment, and in addition, it also provides fund for make up for the loss of income. 

- HDFC ERGO Critical Illness Platinum Policy: In this plan, there are 15 critical illnesses are listed for the cover and it provides fund just after the first diagnosis and 30 day survival after that. 

To know which policy suits you best, you can check online PolicyBazaar Reviews to know more about them and to make the decision. 

2. HDFC ERGO Vehicle Insurance policy:

This policy helps you protect against the theft, damage or loss of your car due to any reason whatsoever. A concept of third party liability is also added, which helps the owner of the car to cover for the claims made by the third party for the damages made by the insured car of the policy holder. There are many policies listed in this category, namely: 

- HDFC ERGO Private Car Insurance Policy
- HDFC ERGO Commercial Vehicle Insurance Policy
- HDFC ERGO Third Party Liability Only Insurance Policy
- HDFC ERGO Two Wheeler Insurance Policy

To know which policy suits you best, you can check online PolicyBazaar Reviews to know more about them and to make the decision. 

3. HDFC ERGO Home Insurance Policy: 

The policies covered under this category provides affordable coverage for your property. The two famous plan categories under this group are:

- HDFC ERGO Home Insurance
- HDFC ERGO Standard Fire and Special Perils Insurance

To know which policy suits you best, you can check online PolicyBazaar Reviews to know more about them and to make the decision. 

4. HDFC ERGO Travel Insurance:

As the name suggests, this insurance policy covers you against any disaster or inconvenience caused during your travel. All the plans are categorized in two groups: (a) travel Insurance Policy and (b) HDFC ERGO Student Travel Insurance. To know which policy suits you best, you can check online PolicyBazaar Reviews to know more about them and to make the decision. 

5. HDFC ERGO Commercial Insurance: 

This segment of insurance serves the need of the corporate and business houses. HDFC ERGO general Insurance Company Limited offers exceptional and customized commercial insurance solutions. The major policies in this group are: (a) Specialty Insurance (b) Casualty Insurance (c) Group Insurance (d) Knowledge Series and (e ) Property and Misc Insurance.  To know which policy suits you best, you can check online PolicyBazaar Reviews to know more about them and to make the decision. 

6. HDFC ERGO Rural Insurance: 

HDFC ERGO General Insurance Company Limited has come up with some insurance options for the rural customers especially. Under this category, the company provides two types of insurance till now 
- Agricultural Insurance
- Cattle Insurance

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